Pacific Avenue Completes Acquisition of Pick Your Part from LKQ Corporation

Pacific Avenue Capital Partners, a private equity firm based in Los Angeles, has successfully acquired Pick Your Part (PYP) from LKQ Corporation. PYP operates 61 self-service auto salvage yards across the United States, providing affordable used auto parts. This acquisition highlights Pacific Avenue's capability to execute complex corporate carve-outs, enhancing PYP's strategic growth.

PYP's leadership will remain unchanged, focusing on quality and service. Robert Wagman and Dom Schiano will join the board. Pacific Avenue aims to use its expertise to bolster PYP's position through strategic initiatives and potential acquisitions.

Kirkland & Ellis advised Pacific Avenue legally, while Partners Capital was a lead co-investor. With this transaction, PYP aims to strengthen its market leadership in sustainable automotive recycling.